While it doesn’t go into Credit Default Swaps, this PowerPoint cartoon does follow our mortgage meltdown, from after home-ownership was mandated on the Lenders by the Federal Government. This explains how the creative financial instruments tried to turn this lemon into lemonade, which we are all drowning in now. Click on the link. You’ll need PowerPoint o view it. Or download and install the free PowerPoint viewer from Microsoft. Thanks to Barbara Herwald mortgagemessexplained
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